R&A Telecommunication Group Bhd
+603 55691801 +603 55695730

Company Name

R&A TELECOMMUNICATION GROUP BERHAD

Stock Name

RA

Date Announced

06 Apr 2016

Category

General Announcement for PLC

Reference Number

GA1-06042016-00057

MATERIAL LITIGATION R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY") - KUALA LUMPUR SESSIONS COURT SUIT NO. WA-B52NCC-322-03/2016: WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY UNITED OVERSEAS BANK (MALAYSIA) BHD ("UOB" OR "THE PLAINTIFF"), AGAINST R&A TELECOMMUNICATION SDN. BHD. ("RASB"), A WHOLLY OWNED SUBSIDIARY OF R&A, FRANCIS TAN HOCK LEONG, CHEOK CHUN LIAN AND R&A ("DEFENDANTS").

Type

Announcement

Subject

MATERIAL LITIGATION

Description

R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY")

- KUALA LUMPUR SESSIONS COURT SUIT NO. WA-B52NCC-322-03/2016: WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY UNITED OVERSEAS BANK (MALAYSIA) BHD ("UOB" OR "THE PLAINTIFF"), AGAINST R&A TELECOMMUNICATION SDN. BHD. ("RASB"), A WHOLLY OWNED SUBSIDIARY OF R&A, FRANCIS TAN HOCK LEONG, CHEOK CHUN LIAN AND R&A ("DEFENDANTS").

The Board of Directors of R&A wishes to inform that the Company and RASB, a wholly-owned subsidiary of the Company, had on 5 April 2016 been served a Writ of Summons and Statement of Claim by UOB.

The Writ of Summons and Statement of Claim is dated 31 March 2016. The same was served on the Company and RASB by solicitors acting for the Plaintiff on 5 April 2016.

The claims pursuant to the Writ of Summons and Statement of Claim are as below:-

The matter has been fixed for case management on 28 April 2016 at Kuala Lumpur Sessions Court.

The serving of the Writ of Summons and Statement of Claim is a result of RASB failing to settle the outstanding amount of RM776,529.95 for credit facilities granted by the Plaintiff to RASB.

RASB is a major subsidiary of R&A.

The financial and operational impact of the Writ of Summons and Statement of Claim on the Group is limited to the amount claimed for as per the Writ of Summons and Statement of Claim.

The Writ of Summons and Statement of Claim is not expected to result in any losses but it may have an impact on the Company’s cash position.

R&A is expected to address this issue via a regularisation plan. Once the regularisation plan is finalised, a settlement is proposed to be put forward to our creditors.

This announcement is dated 6 April 2016.

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